12 hours ago
Deals of the day
June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
** The RiskPoint Group has agreed to acquire Corvus Underwriting GmbH in Frankfurt from Travelers, with the European managing general underwriter looking to expand in German cyber insurance.
** Spirit Airlines urged the Transportation Department to reject a proposed JetBlue Airways (JBLU.O), opens new tab and United Airlines (UAL.O), opens new tab partnership, saying it was anticompetitive and will prompt large carriers to pursue similar deals. read more
** Private equity firms Apax Partners, EQT ( opens new tab, and Hellman & Friedman are among the firms considering offers for the Spanish business of the online classifieds group Adevinta, according to two people with knowledge of the situation.
** Spain's BBVA ( opens new tab will not be allowed to integrate its operations with Sabadell ( opens new tab for at least three years as one of the conditions imposed by the Spanish government on its hostile bid for its smaller rival in a potential blow to the suitor's expansion plans. read more
** The European Central Bank has cleared Monte dei Paschi di Siena's proposed acquisition of rival Mediobanca a source with knowledge of the matter told Reuters, as a raft of takeover bids reshapes Italian finance. read more
** Volvo Group said it would sell its 70% stake in China's Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to refocus on core brands. read more
** Italian utility ACEA has approved a binding offer from Eni's retail and renewables business Plenitude to acquire its energy retail arm ACEA Energia in a deal worth 588.5 million euros ($682 million), it said. read more
** South Korean game company Krafton Inc < opens new tab> said it had agreed to buy Japan's advertising and animation group ADK for 75 billion yen ($516.21 million). read more
** Ohio Farmers Insurance Company, the parent company of Westfield, has entered into a definitive agreement to sell Westfield Bancorp to First Financial Bancorp in a cash-and-stock transaction valued at $325 million.
